Why Ice Floats. A substance floats if it is less dense, or has less mass per unit volume, than other components in a mixture. For example, if you toss a handful of rocks into a bucket of water, the rocks, which are dense compared to the water, will sink. The water, which is less dense than the rocks, will float.
What is the effective annual rate? 2) You want to buy a new sports car from Muscle Motors for $53,000. The contract... show more 1) Big Dom's Pawn Shop charges an interest rate of 16 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers.
Current SBA (7A) Loan Interest Rates and Explanation. The Small Business Administration (SBA) sets the maximum interest rates that banks can charge on 7A loans. The current maximum interest rate ranges from from 5.75% â 8.25%, depending on the size of the loan and the amount being borrowed. The maximum interest rates on SBA 7A loans are also based on market interest rates. As market interest rates change, so will the maximum interest rates on these loans.